Cost Accounting

6 days ago

Chennai Tamil Nadu, India Apto Solutions Full time

Position - Cost Accounting/ Controller

Location - Chennai

Experience - 6+ years

Key Responsibilities:

- Collect and analyze data related to cost factors. Analyze project specifications, product requirements, or service needs to estimate associated costs accurately. Conduct detailed analysis of production costs, including raw materials, labor, and overhead expenses.
- Identify cost drivers and analyze variances to ensure accuracy and efficiency in cost allocation, Work closely with teams to understand operational processes and their impact on costs.
- Monitor and analyze inventory levels, ensuring accuracy and valuation in financial records. Collaborate with the supply chain and operations teams to optimize inventory turnover and reduce carrying working capital costs.
- Prepare regular cost reports to management, highlighting key cost trends, variances, and areas for improvement. Communicate findings in a clear and concise manner.
- Identify opportunities for process improvements in cost accounting procedures. Implement changes to enhance the accuracy, efficiency, and overall effectiveness of cost-related processes.
- Collaborate with cross-functional teams to develop and manage cost budgets. Assist in the preparation of cost forecasts, providing insights into potential cost fluctuations and recommending strategies for cost control.
- Implement and monitor cost control measures to prevent overruns and ensure that costs align with budgeted expectations. Make recommendations for cost-saving initiatives

Profile Requirements:

- Graduate / Post Graduate / Semi Qualified in finance, project / cost accounting, or a related field
- 6-8 years of professional experience in the area of, financial accounting, controlling, business analyze or management accounting
- Fluent in Tamil and English
- Strong understanding of cost accounting principles and practices.
- Strong analytical skills with the ability to interpret complex financial data
- Ability to work independently and collaboratively in a team environment
- Strong attention to detail and accuracy
- Proficient in Microsoft Excel and other financial analysis tools
- Experience in ERP (SAP) system implementation is preferred

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